Cross River IRS To Buy 50 Okada For 11 Million

In Breaking News, Business, Business & Economy, Reports

By Jonathan Ugbal

The Cross River State Internal Revenue Service plans to purchase 50 motorcycles for the sum of N10.8 million. The service also plans to buy seven units of five horsepower Yamaha speed boats at N8 million.

To fund this, the service plans to generate N17.4 billion as revenue from earnings, sales, fines, fees, licenses and taxes.

But, its actual revenue between January to October 2018 stood at just N2.39 billion despite an estimated inflow of N13.37 billion by the service for that year.

These figures are contained in the 2019 Cross River State chart of accounts.

Governor Ben Ayade had presented the budget tagged “Qabalistic Densification” in February with the document remaining secret for months.

And, the document shows that the service had planned to spend N5 million for the same purpose in 2018.

Its actual expenditure for miscellaneous capital items showed that the Integrated Tax Admin System Software cost N16.69 million as against the N15 million appropriated for it in 2018. The 2019 appropriation was increased to N20 million.

The furnishing of tax offices is expected tp gulp N25 million which remains unchanged from the 2018 budget but with an actual expenditure of only N1.44 million.

Despite N10 million budgeted for the automation of the service in 2018 and 2019, the actual expenditure was N1.97 million.

Since You Are Here, Support Good Journalism


CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.

CLICK HERE

New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here


Expose Your Business And Make More Sales. Advertise On CrossRiverWatch.com Today

You may also read!

#Calabar: ACROJ Condemns Arson, Pledges Media Support In Restoring Calm

By Patrick Obia Association of Cross River Online Journalists (ACROJ) has condemned in totality Friday and Saturday’s mass looting

Read More...

#EndSARS: CPJ Calls For Investigation Into Attacks On Journalists And Media Houses During Protests

By Jonathan Ugbal Nigerian authorities should conduct a swift and transparent investigation into recent attacks on journalists and media

Read More...

#Eid-El-Maulud: Ayade Sues For Prayers, Forgiveness As Curfew Bites Hard On Muslims

By Maxwell Effiong and Kelvin Ololo Muslims in Cross River State say the curfew currently in place will impact

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now